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Home » News » Financial News

Financial News

World Fuel Services posts net income - and marine gross profit - of $31.2m
27 Apr 2018 00:13 GMT
Overall net earnings virtually level with last year; marine division's profit dips 7 percent.

Kirby posts $5m rise in net profit as revenue jumps 50.8%
26 Apr 2018 18:12 GMT
Bunker barge operator achieves $32.5m net earnings.

Aegean Marine Petroleum appoints new CFO
18 Mar 2018 09:02 GMT
Pavlos Papageorgiou has more than 20 years' experience in the financial services sector.

Rotterdam to usher in EUR5m incentive for ships using low- and zero-carbon fuels
13 Apr 2018 14:41 GMT
Port explains that in order to slash emissions by more than 50%, it will require the use of alternative fuels.

Monjasa swings back into profit in 2017
12 Apr 2018 13:32 GMT
Revenue jumped 16.7% despite 300k-tonne dip in bunker sales volume.

Quadrise share price plummets more than 27% in morning trading
06 Apr 2018 09:45 GMT
Company's share value has fallen 70% in just over six trading days.

Brightoil still unable to provide results release date
03 Apr 2018 14:22 GMT
'The Audit Committee may require further time to consider the further steps,' Brightoil says.

Cockett Marine Oil swings into profit as bunker revenue rises
27 Mar 2018 19:01 GMT
Revenue from bunker fuels increased as a result of higher crude prices: Grindrod.

Grindrod to list shipping division on Nasdaq
27 Mar 2018 16:56 GMT
Revenue of business heavily influenced by the sales of Cockett Marine Oil and Unicorn Bunkers.

Quadrise posts GBP 2m interim loss
27 Mar 2018 11:09 GMT
Result is a GBP 0.4m improvement on 2016 and follows the introduction of cost-cutting measures last year.

Fuel-saving ferry, LNG-powered ships were 'main milestones' of 2017: Balearia
23 Mar 2018 17:07 GMT
Operator lauds bunker-related projects as EBITDA and turnover grow.

Carnival posts 20.9% rise in Q1 bunker costs
23 Mar 2018 11:03 GMT
Average price paid for marine fuel jumped 20.7% to $437 per tonne.

Frontline cites bunker prices as key reason for rise in voyage costs
21 Mar 2018 10:51 GMT
Crude shipper also warns of higher compliance costs linked with sulphur limits and energy efficiency standards.

Stolt-Nielsen posts 50% jump in bunker costs as annual net profit is more than halved
15 Mar 2018 11:05 GMT
Net income down $63.1 million as marine fuel expenses rise by $72.2 million.

Containerships plc bunkered 78,900 mt in Baltics and Med last year
14 Mar 2018 13:57 GMT
Improved financial results achieved despite 'sharp increase in bunker prices during the last quarter'.

Aegean defines strategy to improve gross spread
09 Mar 2018 12:18 GMT
Plan includes escalating business in ARA and Germany and 'cherry-picking' volumes in Los Angeles.

Aegean could sell Fujairah storage terminal: CFO
09 Mar 2018 12:13 GMT
Would be 'one alternative' to generate liquidity, but 'not a good time' to sell.

Aegean set to terminate physical bunker operation in Fujairah
09 Mar 2018 12:03 GMT
Supplier looking to withdraw from market that has been 'an overall drag on gross spread'.

Aegean posts 2017 loss as YoY gross spread plummets
08 Mar 2018 08:12 GMT
Company sees HEC acquisition as solution to deliver sustainable growth moving forwards.

Hellenic Petroleum posts 18% rise in 2017 bunker sales
07 Mar 2018 13:43 GMT
Greek refiner says it sold 2.8 million tonnes of marine fuel last year.

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